Capital West Advises on Sale of Tyson Creek Power Corp
Capital West Partners, Western Canada’s independent corporate finance advisor, is pleased to announce the successful completion of the sale of Tyson Creek Power Corp to BluEarth Renewables.
Tyson Creek Power Corp operates a hydroelectric power facility located 40 km north of the town of Sechelt, BC at the northern end of the Narrows Inlet in the Tzoonie River Valley. The Tyson Creek facility commenced operations in December 2009. The facility has a peak capacity of 9.3 megawatts, and a long-term Electricity Purchase Agreement with BC Hydro for its energy production, extending to 2049. The site features a natural 875 metre drop, enabling it to efficiently generate power all year.
Headquartered in Calgary, Alberta, BluEarth Renewables is a private company focused on commercial scale renewable energy development. As an independent renewable power producer, BluEarth’s goal is to build, own and operate wind, run-of-river hydroelectric and solar generation projects across North America.
In this transaction Capital West Partners acted as financial advisor to Tyson Creek Power Corp.
For additional information contact: